Trinidad - Málaga

The apartment has a separate bedroom near the bathroom and a living room with a kitchen as soon as you enter. It is a semi-new building of recent construction that has a garage and storage room.

In addition, we highlight other features of the property:

• This home could have potential for appreciation, since it is an easily accessible ground-floor apartment that, in our assessment, could adapt to possible future legislative changes, which cannot be foreseen.
• Having acquired the property with a garage could allow us to increase the rates per night compared to other similar apartments. A large number of domestic tourists travel in their own vehicles, which causes them discomfort when they reach the center of Malaga and discover that parking is very hard to find. Therefore, having a garage adds comfort for the guests, which could make our apartment stand out from others that do not have this feature.
• The property is located in the center of Malaga, in the “Trinidad” district, a neighborhood well known as the starting point of all “Holy Week” processions. In addition, it is just 300m away from the “Tribuna de los Pobres” and 500m away from the Thyssen Museum.
• This is a one-bedroom property with a bathroom, with a maximum capacity of 4 people. As we have seen in our market study, it is a type of property in high demand in Malaga, and it shows occupancy and income ratios with an upward trend over the period analyzed.
• Given the features of the property, we estimate that occupancy and income ratios could be above the average of other apartments with similar features and on the ground floor, although this is not certain.
• It has a tourist license and has been operated as a vacation rental but not professionally, so we estimate that more profit than has been obtained so far could be achieved, although this is not certain. It is almost ready for tourist use; we will only need to buy some utensils, bedding, etc. Once bought, the apartment will be ready to receive the first guests, and this could allow us to take advantage of the months of September and October, which are not yet considered low season.